Millions of students and g raduates will be charged more interest on their student loans from September, because the inflation measure these rates are linked to has increased sharply.
The Consumer Prices Index (CPI) rate of inflation fell to -0.1% in the year to September, the Office of National Statistics (ONS) has today announced. But this means the basic state pension will rise by at least 2.5% next April.
Commuters in England face an up to 1% increase in rail fares next year after official inflation figures used to calculate the rise were published today.
Millions of g raduates will pay less interest on their student loans from September, while more people with a pre-1998 mortgage-style loan will qualify to defer theirs from then too.
The price of some train tickets for journeys in 2015 will rise at 11.59pm tonight – so if you're planning to travel by rail at the start of the new year – lock into cheaper 2014 prices by booking now.
Commuters in England and Wales face an average 3.5% increase in regulated rail fares next year, after official inflation figures used to calculate the rise were published today.
19 August 2014
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